EXTENSION OF EXPENDITURE AUTHORITY.

SEC. 1001. EXTENSION OF EXPENDITURE AUTHORITY. (a) In general.—Paragraph (1) of section 9502(d) of the Internal Revenue Code of 1986 (relating to expenditures from Airport and Airway Trust Fund) is amended— (1) by striking “October 1, 1998” and inserting “October 1, 2003”; and 114 STAT. 197 (2) by inserting before the semicolon at the end of subparagraph (A) the following: “or the provisions of the Omnibus Consolidated and Emergency Supplemental Appropriations Act, 1999 providing for payments from the Airport and Airway Trust Fund or the Interim Federal Aviation Administration Authorization Act or section 6002 of the 1999 Emergency Supplemental Appropriations Act, Public Law 106–59, or the Wendell H. Ford Aviation Investment and Reform Act for the 21st Century”. (b) Limitation on Expenditure Authority.—Section 9502 of such Code is amended by adding at the end the following new subsection: “(f) Limitation on Transfers to Trust Fund.— “(1) In general.—Except as provided in paragraph (2), no amount may be appropriated or credited to the Airport and Airway Trust Fund on and after the date of any expenditure from the Airport and Airway Trust Fund which is not permitted by this section. The determination of whether an expenditure is so permitted shall be made without regard to— “(A) any provision of law which is not contained or referenced in this title or in a revenue Act; and “(B) whether such provision of law is a subsequently enacted provision or directly or indirectly seeks to waive the application of this subsection. “(2) Exception for prior obligations.—Paragraph (1) shall not apply to any expenditure to liquidate any contract entered into (or for any amount otherwise obligated) before October 1, 2003, in accordance with the provisions of this section.”.